SRI to Quadruple Production in China by 2008
Sumitomo Rubber industries has announced its intention to quadruple its tyre production in China within three years, in order to meet the sharply rising demand in that country.
SRI intends to invest between 10 billion and 15 billion Yen ($85m to $128m) over this period. Production at the SRI plant in Jiangsu province, near Shanghai, will rise from the current 1,500 tonnes a month to 6,000 tonnes.
SRI also said that it plans to build a new factory in China to supply tyres to Japanese car manufacturers with factories in China.